Cummins India – Technical View

has witnessed a decisive breakout above its earlier consolidation range clearly indicating a shift in trend. The stock had been trading in a narrow band for several sessions, and the recent price action confirms renewed buying interest backed by strong volumes. From a trend perspective, the stock is comfortably trading above its long-term 200-day Simple Moving Average (SMA) and has also managed a strong close above the 50-day Exponential Moving Average (EMA), reinforcing bullish structure. Momentum indicators further support the positive outlook. The RSI has rebounded sharply from oversold levels near 28 and is now sustaining above 60, signalling strong momentum revival. Additionally, MACD histogram bars have turned green and are expanding, highlighting increasing bullish strength. Volatility indicators are also aligned with the upside bias. The stock has closed above the upper Bollinger Band for two consecutive sessions, while the bands have started widening — a classic sign of price expansion after consolidation. Trading Strategy Accumulation Zone: ₹4,375 – ₹4,355 Stop-Loss: ₹4,240 Short-Term Target: ₹4,675 Conclusion Overall, the technical setup indicates sustained bullish momentum with a favorable risk-reward structure. As long as the stock holds above the mentioned support zone, further upside potential remains intact in the near term.